What happens when the government is forced to fund itself by taxing the citizens:

https://www.afr.com/companies/financial-services/pwc-partner-leaked-government-t...

PwC partner leaked government tax plans to clients

The former head of international tax for PwC Australia, Peter Collins, has been deregistered by the Tax Practitioners Board (TPB) for dishonesty and for sharing confidential government briefings with PwC partners and clients.

The TPB, which oversees Australia’s 80,000 tax agents, also sanctioned PwC for failing to regulate conflicts of interest by partners and PwC staff, who knew the confidential information would be used to help clients sidestep new tax laws and to attract new clients.

The current mainstream Friedman monetary orthodoxy re public debt continues to create chaos around the world:

https://www.msn.com/en-au/news/world/cope-with-your-own-debt-china-tells-us-over...

‘Cope with your own debt’, China tells US over Zambia debt relief.

http://bilbo.economicoutlook.net/blog/?p=51201

British voters depressingly caught between a rock and a hard place


Conclusion
The point is that both sides of British politics are crippled by the same fictional mania about having to design policies that cover spending with tax revenue, not understanding that to really address the challenges will require substantially larger fiscal deficits for an extended period into the future.


Much the same in Oz: Chalmers, in a recent essay on "values-based capitalism", actually suggests philanthropy(!) as a means of raising the funds to deal with disadvantage.....

Representing a gross dereliction of government, and unbalanced ideological subservience to the private sector.  

The word spreads, hosted by Macquarie University: :

https://www.mq.edu.au/research/research-centres-groups-and-facilities/groups/rad...

Finding the 'radical centre'
Contemporary policy debate is being hampered by shallow tribalism. Australia’s most pressing policy challenges too often become stuck in zero-sum ideological battles between left and right. Yet the best policy solutions reside in the ‘radical centre’ – in the synthesis between intellectual and ideological opposites and extremes.

The radical centre is not about unambitious compromise. It seeks out the common ground in enduring disagreements to elucidate new and more brilliant ideas – the ambitious ideas that forge unexpected consensus.

Nowhere in Australia is there a reform hub dedicated to hunting the radical centre. The Radical Centre Reform Lab aims to fill this gap. We do this by collaborating across divides and engaging with Australia’s diverse multicultural communities to forge broad consensus for radical centre reform.

Our first project furthers work on a First Nations constitutional voice as advocated by the Uluru Statement – a historic, radical centre proposal for Indigenous constitutional recognition.

Noel Pearson of course is also on board with the Job Guarantee concept, funded via the (debt-free) currency-issuing capacity of the nation's treasury and central bank (ie not funded by taxes or borrowng). 
An idea whose time has come, given the parlous state of aboriginals in Australia.

https://www.bloomberg.com/news/articles/2023-02-07/ecb-s-schnabel-says-tighter-p...

Schnabel Says ECB Hikes Having Little Impact on Inflation So Far

Allegra Spender spouting conventional economics, after reading the AFR headline: 'Stimulus hangover demands spending cuts or tax rises'.

She tweets: "With inflation at 7.8% and interest rates up to 3.35%, we must accept that running a large Budget deficit is making things worse. The government must slow spending to help bring inflation down. Fiscal policy has a role. The RBA can't do it alone."

As prof. Steven Hail responded:

"This is over-simplistic. Have you considered what is driving inflation and what is happening overseas? Have you looked at interest rates and deficits country to country? You haven't. Just what is a 'large Budget deficit'? Australia now has a very small deficit! Lazy thinking.

https://profstevekeen.substack.com/p/ford-and-edison-the-anti-gold-bugs?utm_sour...

Building a New Economics

Ford and Edison, the anti gold bugs

Steve Keen
8 hr ago

"Secondly, rather than talking about money being backed by some other specific commodity—whether energy or gold—what Ford and Edison were arguing was that a national currency is backed by the non-financial assets of that country: its physical wealth, manifest in its raw materials and its infrastructure, were what gave authority to the financial assets it issued".

.....

"When Edison was asked "would not Mr. Ford's suggestion that Muscle Shoals be financed by a currency-issue raise some objection?", he replied:

"Certainly. There is a complete set of misleading slogans kept on hand for just such outbreaks of common sense among the people. The people are so ignorant of what they think are the intricacies of the money system that they are easily impressed by big words. There would be new shrieks of 'fiat money', and 'paper money', and 'greenbackism', and all the rest of it—the same old cries with which the people have been shouted down from the beginning." (Ford and Edison 1921)

Those misleading slogans are alive and well today, as evidenced by our modern-day Henry Ford, Elon Musk:
(tweet)
"bitcoin is almost as bs as fiat money".


the first is correct - bitcoin IS bs  ( a ponzi),  the 2nd incorrect (fiat is backed by the nation's resources and productivity); and this from the world's richest man....obviously not as informed as Ford.